SpyLOG
USD26/0531.7572+0.1325
EUR26/0539.8426+0.0745
RTS25/051272.38-0.02%
MICEX13/091501.98+0.59%
RIA Novosti

Russia

Russia will gradually prepare state companies for IPOs - Putin

Topic: Putin's final annual news conference

16:26 14/02/2008
MOSCOW, February 14 (RIA Novosti) - Recently-established government corporations will be gradually prepared for initial public offerings (IPOs), President Vladimir Putin said on Thursday at his final Kremlin news conference.

"We'll seek to ensure that these companies are prepared, within several years of receiving state capital investment and improving their technology and market capitalization, to hold initial public offerings to make them part of the market economy," Putin said.

The president said Russian government corporations could be sold in parts or fully privatized on fair terms and without detriment to the state after they become competitive both domestically and internationally.

At the same time, Putin said Russia had no plans to move toward state capitalism.

The Russian president identified economic diversification and qualitative changes in the governance of the country as Russia's top two priorities.

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

Send by e-mail

All fields are required!

Leave a comment






    Рейтинг@Mail.ru  Rambler's Top100
    © 2012 RIA Novosti